Gold prices today rebounded by Rs 215 to Rs 26,445 per ten grams at the bullion market tracking a firm trend overseas and increased buying by jewellers.
Silver also gained further by Rs 120 to Rs 34,765 per kg due to good industrial demand.
Standard gold (99.5 purity) jumped by Rs 215 to end at Rs 26,445 per 10 grams from overnight closing level of Rs 26,230.
Pure gold (99.9 purity) also rose by a similar margin to conclude at Rs 26,595 per 10 grams compared to Rs 26,380.
Silver (.999 fineness) climbed by Rs 120 per kg to finish at Rs 34,765 from Rs 34,645 earlier.
Globally, gold rose, as the dollar edged lower on renewed oil market weakness and concerns over the global economic outlook which have raised questions about the Federal Reserve’s pace of interest rate tightening.
Spot gold rose 0.5 percent to USD 1,103.35 an ounce in early trade, extending a near one percent increase made last week, when investor appetite for risk evaporated on worries China’s economic growth is slowing down, while Spot silver rose 0.9 percent to USD 14.15 an ounce.